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AFRICOAST ENERGY LAUNCHED
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AFRICOAST ENERGY LAUNCHED

FOLLOWING significant growth in the renewable energy business, 
AfriCoast Engineers SA has developed a sister company to exapnd
its vision.
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Competition Tribunal greenlights Norfund, Nafasi transaction

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The Competition Tribunal has unconditionally approved the Norwegian Investment Fund for Developing Countries’ (Norfund’s) acquisition of a minority interest in South African water company Nafasi Water Technologies. Through this shareholding, Norfund, a Norwegian State-owned development finance institution controlled by the Ministry of Foreign Affairs on behalf of the Norwegian government, will acquire minority shareholder protections that amount to control.

Fedgroup secures renewable capital to accelerate industrial energy projects

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Fedgroup has secured R500-million in funding from development finance institution the Industrial Development Corporation (IDC) for its newly established Fedgroup Renewables Capital fund. This fund houses a portfolio of renewable energy and infrastructure-linked assets tied to major industrial and commercial counterparties including steel billet manufacturer Coega Steels and paper and packaging manufacturer Mondi.

Industrial gas users outline policy actions needed to avert gas cliff

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The Industrial Gas Users Association-Southern Africa (IGUA-SA) has outlined the policy requirements it believes are now required to mitigate what would otherwise be a steep decline in gas supply to domestic industry by 2030. Described as a ‘gas cliff’ the fall-off is anticipated when existing supply from Mozambique’s Pande-Temane fields is no longer available to industrial consumers from 2028 and after Sasol ends its temporary two-year supply of methane-rich gas, produced using coal.

Record vehicle exports in 2025, but component exports continue to decline as EV sales grow

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Despite multiple global and local headwinds, new-vehicle exports from South Africa reached a new record last year. Component exports, however, yet again failed to show growth in 2025. Speaking at the launch of the Automotive Trade Manual 2026 on Friday, naamsa | The Automotive Business Council chief trade and research officer Dr Norman Lamprecht said automotive exports remained a pillar of South Africa’s automotive industry, with the combined export value of vehicles and automotive components increasing from R268.8-billion in 2024 to a record R291-billion last year – a significant 15.6% of total South African exports.

Eskom warns of Joburg power cuts after city ‘fails to honour terms of court order’

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Eskom has issued a public notice warning of possible electricity supply interruptions in the City of Johannesburg (CoJ) from July 8, owing to an alleged failure by the municipality to honour the terms of a settlement agreement relating to outstanding debt and the payment of its current electricity account. The settlement agreement was made an order of the High Court in November last year.
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